Zacks Research Brokers Increase Earnings Estimates for Nucor

Key Points

• Zacks Research raised Nucor’s Q4 2026 EPS estimate to $5.06 from $4.68, while maintaining a “Hold” rating. Estimates were also issued for Q1 and Q3 2027 at $5.22 and $5.54 per share, respectively.
• Nucor’s latest quarterly results exceeded expectations, with EPS of $4.84 versus the $4.46 consensus and revenue of $10.40 billion versus $10.15 billion expected. Revenue increased 23% year over year.
• The stock opened at $274.53, near its 52-week high, and analysts collectively maintain a “Moderate Buy” rating with an average price target of $273.31. Nucor also declared a quarterly dividend of $0.56 per share, representing a 0.8% yield.

Nucor Corporation (NYSE:NUE - Free Report) - Equities research analysts at Zacks Research upped their Q4 2026 EPS estimates for Nucor in a research note issued on Monday, August 10th. Zacks Research analyst Team now anticipates that the basic materials company will earn $5.06 per share for the quarter, up from their prior forecast of $4.68. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Nucor's current full-year earnings is $18.02 per share. Zacks Research also issued estimates for Nucor's Q1 2027 earnings at $5.22 EPS and Q3 2027 earnings at $5.54 EPS.

Nucor (NYSE:NUE - Get Free Report) last released its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, topping analysts' consensus estimates of $4.46 by $0.38. The firm had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The business's quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.60 earnings per share.

Several other analysts have also weighed in on the company. KeyCorp raised Nucor from a "sector weight" rating to an "overweight" rating and set a $274.00 target price on the stock in a report on Wednesday, June 24th. Morgan Stanley set a $270.00 price objective on Nucor in a report on Wednesday, July 29th. Wells Fargo & Company upped their target price on Nucor from $283.00 to $297.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Bank of America decreased their price target on Nucor from $290.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Finally, Barclays increased their price objective on shares of Nucor from $272.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Nucor currently has an average rating of "Moderate Buy" and an average target price of $273.31.

Nucor Trading Up 0.7%

NUE opened at $274.53 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor has a 52 week low of $131.32 and a 52 week high of $280.11. The business's 50 day moving average is $246.13 and its two-hundred day moving average is $211.77. The firm has a market cap of $62.52 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 0.60 and a beta of 1.89.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NUE. Vise Technologies Inc. acquired a new stake in Nucor during the second quarter worth about $2,453,000. Bell & Brown Wealth Advisors LLC bought a new stake in shares of Nucor in the 2nd quarter worth approximately $260,000. CM Wealth Advisors LLC acquired a new stake in shares of Nucor during the 2nd quarter worth approximately $310,000. Madison Asset Management LLC bought a new stake in shares of Nucor during the second quarter valued at approximately $374,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Nucor in the second quarter valued at $312,000. Institutional investors own 76.48% of the company's stock.

Insiders Place Their Bets

In other Nucor news, COO Stephen D. Laxton sold 3,968 shares of Nucor stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the transaction, the chief operating officer directly owned 77,867 shares in the company, valued at approximately $20,008,704.32. The trade was a 4.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $261.02, for a total value of $1,044,080.00. Following the sale, the executive vice president owned 16,138 shares of the company's stock, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 21,028 shares of company stock valued at $5,355,535. Corporate insiders own 0.62% of the company's stock.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor's payout ratio is presently 17.86%.

About Nucor

Nucor Corporation NYSE: NUE is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor's operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.

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